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☆ Dallas Mavericks one win away from NBA Finals as they go up 3-0 on the Minnesota Timberwolves
▼ + stars: | 2024-05-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The Dallas Mavericks defeated the Minnesota Timberwolves in Game 3 of the Western Conference Finals on Sunday, 116-107, to move to 3-0 in the series and knock on the door of their first NBA Finals appearance in 13 years. As a duo, Dončić and Irving scored or assisted 26 of the Mavericks’ 29 fourth quarter points. Dončić called Irving’s late-game performance “unbelievable.”“That’s why some people call him Mr. Fourth Quarter, right?” Dončić told reporters. Irving (right) scored 14 of his 33 points in the fourth quarter against the Timberwolves. I felt like in that fourth quarter, we had a good run going.

Persons: Dallas, Luka Dončić, Irving, ” Irving, it’s, Dončić, ” Dončić, “, It’s, Julio Cortez, we’re, Dončić’s, we’ve, Dereck Lively, Anthony Edwards, couldn’t, Patrick Mahomes, Travis Kelce, Marquise Brown, “ Taylor, ” Organizations: CNN, The Dallas Mavericks, Minnesota Timberwolves, Western, NBA, Minnesota, American Airlines Center, ESPN, Mavericks, Dallas, Irving, Timberwolves, . Kansas City Chiefs Locations: Texas, Minnesota, Dallas, .

☆ Davis Riley: A week after his sister had surgery to remove a brain tumor, US golfer wins first individual PGA Tour event
▼ + stars: | 2024-05-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Davis Riley paid tributes to his sister, who is recovering from brain surgery to remove a tumor, and his former colleague Grayson Murray after winning the Charles Schwab Challenge on Sunday. 1 Scottie Scheffler and Keegan Bradley to win his first individual PGA Tour event by a five-shot margin. After undergoing scans, it was found that she had a brain tumor and underwent surgery upon recommendation from doctors. Although she couldn’t be in Texas to see Riley win his first individual PGA Tour event, Riley did her proud by putting in assured performance to earn himself a tartan jacket and the trophy. Riley plays a shot from a bunker on the 18th hole during the final round of the Charles Schwab Challenge.

Persons: CNN — Davis Riley, Grayson Murray, Charles Schwab, Riley, Scottie Scheffler, Keegan Bradley, he’d, Caroline, ” Riley, “ I’m, ”, Tim Heitman, Murray, Nick Hardy, Hardy, Riley’s, Alexandra, “ Davis, ” Hardy, “ Organizations: CNN, Colonial Country Club, PGA, PGA Tour, Zurich, New Locations: Texas, New Orleans

☆ Payal Kapadia: India celebrates historic win at Cannes Film Festival
▼ + stars: | 2024-05-27 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —Filmmaker Payal Kapadia made history Saturday, as she became the first person from India to clinch the prestigious Grand Prix at the 77th Cannes Film Festival, the second highest prize after the Palme d’Or. It is the first Indian movie in three decades to compete in Cannes’ main competition. “Please don’t wait another 30 years to have an Indian film,” she said to the audience. “Indian stars shining bright… These women have scripted history, and inspired the entire Indian film fraternity,” he wrote on the platform. In 1947, filmmaker Chetan Anand took Cannes’ top prize for his film “Neecha Nagar,” becoming the only Indian to win the accolade.

Persons: Payal Kapadia, Palme, ” Kapadia, Greta Gerwig, Lily Gladstone, ”, Narendra Modi, ” Rahul Gandhi, India’s, Anasuya Sengupta, “, Chhaya, Divya Prabha, Stephane Cardinale, Corbis, Hridhu Haroon, Kartiki Gonsalves, Chetan Anand, Neecha, Kapadia Organizations: CNN, Prix, Cannes Film, Cannes, Indian National Congress, Grand, “ Salaam, Hollywood, Cannes ’ Locations: India, Mumbai, Cannes, “, “ Salaam Bombay, Kani, Indian

☆ Israeli Forces Recover Bodies of 3 More Hostages in Northern Gaza
▼ + stars: | 2024-05-24 | by ( Aaron Boxerman | Johnatan Reiss | ) www.nytimes.com time to read: +2 min

Israeli forces retrieved the bodies of three Oct. 7 Hamas attack victims in an overnight operation in northern Gaza, the Israeli military said on Friday, further heightening fears for the fate of the remaining hostages held in Gaza. According to Rear Adm. Daniel Hagari, the Israeli military spokesman, all three were killed in the Hamas-led Oct. 7 attack, and Hamas militants brought their bodies back to Gaza. Over the past week, a total of seven bodies have been brought to back to Israel for burial after being retrieved by Israeli soldiers and intelligence officers. They included Shani Louk, Mr. Radoux’s partner, an Israeli-German dual citizen who became a symbol of the brutality of the Hamas attack. Most of the seven hostages brought back had not been publicly declared presumed dead by the Israeli authorities.

Persons: Hanan Yablonka, Michel Nisenbaum, Orion Hernandez Radoux, Daniel Hagari, ’, ”, Shani Louk Organizations: Hamas, Families Locations: Gaza, France, Mexico, Israel, Rafah

☆ Former TikTok CEO Kevin Mayer says AI hype is at an all-time fever pitch right now
▼ + stars: | 2024-05-24 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Kevin Mayer, co-founder and co-CEO of Candle Media, speaks at the Milken Institute Asia Summit in Singapore on Sept. 29, 2022. Former TikTok CEO and Candle Media co-CEO Kevin Mayer says the hype around artificial intelligence has reached a crescendo, with company valuations looking "astronomical." "AI provides capabilities that have not yet been seen and are very valuable. But the hype cycle has been dramatic," Mayer said. "I think we'll see a peak of that, of the hype within AI, the valuations, and everyone talking about how it's gonna disrupt every single corner of our economic universe and personal lives."

Persons: Kevin Mayer, Karen Tso, Mayer Organizations: Candle Media, Milken Institute Asia Summit Locations: Singapore, Paris

☆ Citi fined $79 million by British regulators over fat-finger trading and control errors
▼ + stars: | 2024-05-22 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."

Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City

☆ An Egyptian spy single-handedly ruined the Israel-Hamas cease-fire: CNN
▼ + stars: | 2024-05-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

An Egyptian spy ruined a potential cease-fire deal between Israel and Hamas. The intelligence official added more of Hamas' demands after Israel had already agreed to the deal, CNN reports. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Egyptian spy torpedoed a potential cease-fire deal between Israel and Hamas earlier this month by secretly changing its terms before handing it between the warring sides, CNN reports.

Persons: Israel, —, Ahmed Abdel Khalek Organizations: Hamas, CNN, Service, Business Locations: Israel, Qatar

☆ PGA Championship: Xander Schauffele holds his nerve to clinch long-awaited first major
▼ + stars: | 2024-05-19 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

CNN —American golfer Xander Schauffele won the 106th PGA Championship on Sunday, holding off compatriot Bryson DeChambeau in a nail-biting finale to clinch a long-awaited first major title. A final round six-under 65 was just enough to clinch a maiden major title for Schauffele, shredding his unwanted title as one of the most talented golfers to never win one of golf’s four flagship events. Andrew Redington/Getty ImagesDeChambeau laments his ‘B’ gameA fired up DeChambeau played a near-perfect round to push Schauffele to the death, shooting a bogey-free 64 as he hunted a second major crown. 1 and tournament favorite Scottie Scheffler before Friday’s second round. Scheffler escapes a bunker during the final round.

Persons: Xander Schauffele, Bryson DeChambeau, LIV Golf’s DeChambeau, Schauffele, Wanamaker, “ It’s, I’ve, ‘, ” “, ’, Andrew Redington, DeChambeau, Xander, ” DeChambeau, “, Norway’s Viktor Hovland, Collin Morikawa, bogeying, Belgium’s Thomas Detry, Scottie Scheffler, Scheffler, Adam Cairns, Reuters “ I’m, ” Scheffler, Schauffele’s bogeyless, Hovland, lasering, ”, birdies, Scott Taetsch, LIV Organizations: CNN, 106th, Valhalla Golf Club, Masters, Reuters, PGA, Pinehurst, Country Club, America Locations: American, Louisville , Kentucky, Lousville, USA, Texas, North Carolina, Valhalla, Hovland

☆ How Chris Kreider, Rangers rallied to close out Hurricanes: 5 takeaways
▼ + stars: | 2024-05-16 | by ( Arthur Staple | ) www.nytimes.com time to read: +5 min

Chris Kreider wouldn’t let the New York Rangers lose again. After losing Games 4 and 5 following a 3-0 series start, the Rangers were in trouble again Thursday, down 3-1 entering the third period. AdvertisementOn just their second power play of the game 5:11 later, Kreider tipped a waist-high shot by Artemi Panarin behind Andersen to tie it. Andersen keeps Rangers in it, tooThe biggest difference in the series was in net, as many expected. The final special teams tally for the series: The Rangers went 5-for-19 on the power play and Carolina went 2-for-21 while allowing two Rangers shorthanded goals.

Persons: Chris Kreider wouldn’t, Kreider, Frederik Andersen, Artemi Panarin, Andersen, Ryan Lindgren, Barclay Goodrow, Igor Shesterkin, Jordan Staal, Shesterkin, Andrei Svechnikov, CHRISTOPHER JAMES KREIDER 🤩, hird, rick C hallenge, rick, hort, eriod, ross, ade, ake G, kate Organizations: New York Rangers, Rangers, Eastern Conference, Carolina Hurricanes, Hurricanes, ust Locations: York, New York, ried, osh

☆ PGA Championship: When Y.E. Yang became ‘The Tiger Killer’ to clinch Asia’s first men’s major trophy
▼ + stars: | 2024-05-15 | by ( Jack Bantock | ) edition.cnn.com time to read: +13 min

Tiger Woods, world No. Yang?’Despite his giant-slaying efforts, Yang was still relatively unknown when he pitched up to PGA Tour qualifying school the following season. Yang clinched his first PGA Tour title on his fourth start of the season at the Honda Classic to join K.J. Streeter Lecka/Getty Images“I wasn’t that nervous because it’s a game of golf,” Yang told reporters. The 24-year-old American stamped a last-minute ticket to Valhalla with his first PGA Tour victory at the inaugural Myrtle Beach Classic on Sunday.

Persons: Yang, –, Woods, ”, Joe, Mike Douglas, Yang –, Joe ”, fatefully, Yang toasts, ’, “, ” AJ Montecinos, texted, “ I’d, ” Montecinos, Montecinos, Jamie Squire, Choi, Montecinos –, Charles Baus, It’s, you’re, – it’s, Streeter Lecka, ” Yang, “ It’s, ” Woods, I’m, Hideki Matsuyama’s, Yang …, Christian Petersen, Montecinos ’, Chris Gotterup, Wanamaker, Tiger Organizations: CNN, Korean –, Hazeltine, Augusta National, –, CBS, European, HSBC, PGA Tour, PGA, Honda, K.J, Koreans, South Korean, Woods, Tiger, Hong, Korean, Southern Hills, Myrtle Beach Locations: Chaska , Minnesota, Jeju, Korea, Asia, Shanghai, China, Korean, Texas, San Antonio, Hazeltine, Woods, Hong Kong, Tulsa , Oklahoma, Valhalla, Kentucky

☆ Spain’s Socialists Win Catalan Vote Dominated by Amnesty for Separatists
▼ + stars: | 2024-05-12 | by ( Rachel Chaundler | ) www.nytimes.com time to read: +1 min

Spain’s governing Socialist party emerged on Sunday as the winner of regional elections in Catalonia that had been widely seen as a litmus test for Prime Minister Pedro Sánchez’s polarizing amnesty measure for separatists. The Socialists are celebrating what they claim is a momentous victory, though they did not clinch enough seats to govern on their own. They most likely face weeks of bargaining, and possibly a repeat election if no agreement is reached. But for the first time in over a decade, they may be able to form a regional government led by an anti-independence party. On Sunday, his party got only 42, meaning he will have to seek support from the pro-independence party Esquerra Republicana de Catalunya (Catalan Republican Left) and the left-wing Comuns.

Persons: Pedro Sánchez’s, Salvador Illa, Illa, Esquerra Organizations: Socialist, Socialists, Catalans, Republican Left Locations: Catalonia, Barcelona

☆ 'It's our duty': Bank of England chief says cutting rates just before a UK election wouldn't be an issue
▼ + stars: | 2024-05-09 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bank of England Governor Andrew Bailey addresses the media during the central bank's Monetary Policy Report press conference at the Bank of England, in London, Britain, on February 1, 2024. LONDON — Bank of England Governor Andrew Bailey on Thursday played down any political pressure received by his institution, confirming that a rate cut immediately before a General Election wouldn't be out of the question. This is especially true in election cycles if citizens are dealing with an economic downturn or a cost-of-living squeeze. The Bank of England, which became officially independent in 1998, is no stranger to this pressure with elections expected before the end of this year. The Bank is nearing its first rate cut since 2020, despite holding steady on Thursday.

Persons: Andrew Bailey, wouldn't, Bailey, CNBC's Steve Sedgwick, it's Organizations: England, Bank of England, LONDON — Bank of England Locations: London, Britain

☆ Siemens Energy changes leadership at embattled wind turbine unit
▼ + stars: | 2024-05-08 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, May 29, 2020. The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures." "In a very difficult situation at Siemens Gamesa, Jochen laid the central foundations for the urgently needed reorganization and new start within Siemens Energy. It is only fair to emphasize that the causes of the quality problems did not fall under his tenure as CEO," said Siemens Energy CEO Christian Bruch in a statement. Siemens Energy suffered a rough 2023.

Persons: Jochen Eickholt, Vinod Philip, Jochen, Christian Bruch, Gamesa Organizations: Energy Facility, Siemens Energy, Siemens Gamesa Locations: Energy Facility California

☆ The U.S. Increased Its Pressure on Israel to Reach a Truce
▼ + stars: | 2024-05-08 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

The visit came only hours after the White House confirmed that it was withholding some military aid from Israel. Together, the moves are among President Biden’s most significant attempts to limit Israel’s military operation in the Gazan city of Rafah and ratchet down the Israel-Hamas war. The U.S. defense secretary publicly linked the withheld shipment to Israel’s long-threatened ground invasion of Rafah, which American officials worry could lead to a humanitarian disaster. Israeli officials have downplayed the disagreement and said they are continuing to negotiate on a potential cease-fire. But experts suggested that the hold was a warning from Biden that he was willing to use U.S. aid as leverage if the Israeli military presses farther into Rafah.

Persons: Benjamin Netanyahu, Biden’s, Biden Organizations: Biden, White House Locations: U.S, Gaza, Israel, Gazan, Rafah, Egypt

☆ 10-year Treasury yield holds below 4.5% after softer-than-expected U.S. jobs data
▼ + stars: | 2024-05-06 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

U.S. Treasury yields were lower Monday, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and an unexpected tick higher in unemployment. The yield on the 10-year Treasury was off 2 basis points to 4.4975%. The 2-year Treasury yield was slightly lower to 4.8056%. U.S. payrolls rose by just 175,000 last month, the Bureau of Labor Statistics said on Friday, short of the Dow Jones estimate from economists of 240,000. Wage growth was also less than expected, the report showed.

Persons: Dow Jones Organizations: Treasury, of Labor Statistics

☆ European markets set to rise with global sentiment remaining stable after U.S. jobs data
▼ + stars: | 2024-05-06 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

LONDON — European markets are set to advance Monday as traders continue to assess the possibility of rate cuts after softer-than-expected U.S. jobs data. The French CAC 40 was set to open 50 points higher at 8,239 points, German DAX was expected to jump 60 points to 18,050. Friday's U.S. nonfarm payrolls report showed 175,000 jobs were added in April, below the 240,000 jobs expected by economists surveyed by Dow Jones. The unemployment rate edged up to 3.9% from 3.8% in the prior month, according to the Bureau of Labor Statistics. Wage figures also came in lower than expected, an encouraging sign for inflation.

Persons: DAX, nonfarm, Dow Jones Organizations: CAC, Bureau of Labor Statistics

☆ Pressure is building on Warren Buffett to pony up as Omaha's single electoral vote could decide the 2024 election
▼ + stars: | 2024-05-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Democrats are pressuring Warren Buffett to reopen his wallet for political donations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe pressure is on for Warren Buffett to reengage in political donations — something he's avoided for the last five years. Democrats are counting on the billionaire's political generosity to clinch key races in the 2024 election, Bloomberg reported. This story is available exclusively to Business Insider subscribers.

Persons: Warren Buffett, —, he's, Jane Kleep Organizations: Biden, Service, Bloomberg, State Democratic Party, Business Locations: Omaha, Nebraska

☆ Israel and Hamas Face Growing Pressure for a Cease-Fire Deal
▼ + stars: | 2024-05-04 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Husam Badran, a senior Hamas official, said in a text message that the group’s representatives were arriving in Cairo “with great positivity” toward the proposed deal. “If there is no agreement, it will be because of Netanyahu alone,” he said, referring to Benjamin Netanyahu, the Israeli prime minister. Mr. Sinwar is one of the presumed architects of Hamas’s Oct. 7 attack on Israel, which left 1,200 dead and roughly 250 taken hostage, according to Israeli officials. In Israel, Mr. Netanyahu faces substantial opposition within his own governing coalition to the proposed framework. Agreeing to the deal would be “humiliating surrender,” Bezalel Smotrich, the country’s finance minister, wrote on Facebook late last month.

Persons: Haitham Imad, United States —, Antony J, Blinken, ”, ” Mr, William J, Burns, Husam, Netanyahu, Benjamin Netanyahu, Yahya Sinwar, Sinwar, ” Bezalel Smotrich, Biden, “ Organizations: United, McCain Institute, Central Intelligence Agency, Qatari, Hamas, Hamas’s, Facebook, Biden Locations: Rafah, Gaza, Shutterstock, Cairo, Palestinian, Israel, Qatar, Egypt, United States, Arizona, Cairo “, Washington

New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. The opposition Labour Party won a Blackpool South by-election, taking the seat from the Conservatives. The Reform UK party, founded by Brexit proponent Nigel Farage, came in third. Labour leader Keir Starmer posted on the social media platform X that the "swing towards Labour in Blackpool South is historic." Angela Richardson, deputy chair of the Conservative Party, told the BBC the result "was not unexpected," especially given the circumstances that sparked the by-election.

Persons: Chris Webb, Rishi Sunak's, David Jones, Nigel Farage, Scott Benton's, Keir Starmer, Angela Richardson Organizations: New Labour Party, Blackpool South, Blackpool, LONDON, Rishi Sunak's Conservative Party, Labour Party, Conservatives, New Labour, Conservative, Reform UK, Labour, Conservative Party Locations: Blackpool, England, Britain

☆ Biden presents Medal of Freedom to key political allies, civil rights leaders, celebrities and politicians
▼ + stars: | 2024-05-03 | by ( Michael Williams | Sam Fossum | ) edition.cnn.com time to read: +6 min

Washington CNN —President Joe Biden on Friday honored 19 Americans with the nation’s highest civilian honor, the Presidential Medal of Freedom - a diverse list that includes some high-profile Biden political allies, celebrities, civil rights leaders and even one of his former political rivals-turned-financial backer. The list included two of Biden’s core allies in the House of Representatives: former House Speaker Nancy Pelosi and South Carolina Rep. Jim Clyburn. President Joe Biden awards the Medal of Freedom to Democratic Rep. James Clyburn during a ceremony in the East Room of the White House on May 3, 2024 in Washington, DC. President Joe Biden presents the Presidential Medal of Freedom to Olympic swimmer Katie Ledecky during a ceremony at the White House in Washington, DC, on May 3, 2024. They are the pinnacle of leadership in their fields,” the White House said in the statement.

Persons: Joe Biden, Biden, Nancy Pelosi, Jim Clyburn, Pelosi, Donald Trump, “, ” Biden, “ Nancy, Paul, ” Clyburn, coalescing, Clyburn, James Clyburn, Kevin Dietsch, Jim, ”, Michael Bloomberg, Michelle Yeoh –, Barack Obama, Sen, Elizabeth Dole, Bob Dole, Al Gore –, John Kerry, George W, Bush, Gore “, Donald Trump’s, Kerry, Opal Lee, Medgar Evers, Frank Lautenberg, Jim Thorpe, Clarence B, Jones, Martin Luther King’s, Juneteenth, Judy Shepard, Matthew, Jane Rigby, Ellen Ochoa, Katie Ledecky, Phil Donahue, Greg Boyle, United Farm Workers Teresa Romero, Evelyn Hockstein, Simone Biles, John McCain, Gabby Giffords Organizations: Washington CNN, South Carolina Rep, Democratic, Representatives, Democratic Rep, White, New York, Bloomberg, Republican, Getty, Jesuit Catholic, United Farm Workers, Reuters “ Locations: South Carolina, Washington , DC, Florida, United States, North Carolina, Massachusetts, American, Delaware, Washington ,

☆ Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves
▼ + stars: | 2024-05-03 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023. "When there is an excessive movement, it may be necessary to smooth it out," he told CNBC's Dan Murphy, according to a translation. Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions that started to impact households and companies. The finance minister declined to comment when asked whether current levels for the yen were appropriate. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose strategy.

Persons: Shunichi Suzuki, CNBC's Dan Murphy, they've, Nicholas Smith Organizations: Toki, Japanese Finance, CNBC Locations: Niigata, Japan, Tbilisi , Georgia, propping

☆ Tiger Woods accepts special exemption to play the US Open
▼ + stars: | 2024-05-03 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Tiger Woods will tee up at the US Open for the 23rd time after accepting a special exemption to play the 124th edition of the major on Thursday. “The US Open, our national championship, is a truly special event for our game and one that has helped define my career,” Woods told the USGA. Woods celebrates sealing his second US Open title in 2002 after a three-shot victory at Bethpage Black in Farmingdale, New York. “The story of the US Open could not be written without Tiger Woods,” USGA Chief Championships Officer John Bodenhamer said in a statement. “My goal is to ruin the logo, I want to keep ruining the logo,” Woods told Carson Daly.

Persons: ” Woods, “ I’m, Timothy A, Clark, Woods, Tiger Woods, John Bodenhamer, “, ”, Scottie Scheffler, Jack Nicklaus ’, Carson Daly, Charlie, –, ‘, Wyndham Clark, Rory McIlroy Organizations: CNN, Pinehurst, Country Club, United States Golf Association, USGA, Bethpage, Getty, Torrey Pines, Augusta National, NBC’s Locations: North Carolina, Pinehurst, Bethpage Black, Farmingdale , New York, AFP, Los Angeles, Torrey, Florida

☆ IMF chief warns of emerging market risk with high U.S. interest rates
▼ + stars: | 2024-04-30 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic. A high U.S. interest rate environment is traditionally bad news for emerging markets, as it makes their debts — often priced in U.S. dollars — more expensive. "It is a much more serious issue for countries where the impact of high interest rates in the United States are more profound — in many emerging market economies," Georgieva told CNBC's Silvia Amaro in Brussels on Monday.

Persons: Kristalina Georgieva, Georgieva, CNBC's Silvia Amaro Organizations: Monetary Fund, IMF, International Monetary Fund Locations: Washington , DC, Europe, U.S, United States, Brussels, Japan

☆ Dubai property boss says floods were overexaggerated: 'Things like that happen in Miami regularly'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Flash floods that formed led to water engulfing cars, in some areas fully submerging them, leading hundreds of drivers to abandon their vehicles on roads to escape the rising water levels. The deluge also closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property. Damac's Sajwani conceded there was chaos at the airport, but said the UAE had recovered much faster than other nations would have. "Fine, we get some, in one of the malls, some damage. He explained that he arrived in Dubai from London just a few hours after the rains had stopped, and visited all the major properties that belong to his company.

Persons: Hussain Sajwani, Damac's Sajwani, CNBC's Dan Murphy, it's Organizations: Damac, United, UAE, Energy Locations: United Arab, UAE, Riyadh, Saudi Arabia, Dubai, London

☆ WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. "The global growth [estimate] this year is around 3.2 [%]. "Trade will change and global value chains — there will be some more near-shoring and friend-shoring — but we shouldn't lose the baby with the bathwater ... Then we have to address the global debt situation. We haven't seen this kind of debt since the Napoleonic Wars, we are getting close to 100% of the global GDP in debt," he said. He also motioned persistent inflationary pressures and that generative artificial intelligence could be an opportunity for the developing world.

Persons: Borge Brende, CNBC's Dan Murphy, shoring Organizations: Economic, Energy Locations: Saudi Arabia

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